Type of Interest Explained
There are two types of interest that you might be charged: a fixed rate of interest or a variable rate of mortgage. The first one never changes, and the second one will change in line with certain economic changes, typically this will mean when the Bank of England votes to change the interest rate level up or down, although rate changes are not always passed on. See variable rate mortgage and fixed rate mortgage entries for more details.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Green Mortgages
- Second home mortgages
- Relocation Agent FAQs
- Steps in the Homebuying Process
- First Time Buyers
- Buying Thatched Houses
- Relocation Agents
- Bridging Loans and Mortgages
- Remortgaging
- Remortgaging and equity release
- Renting Commercial Property
- Commercial or semi-commercial mortgages
- Fixed Rate Mortgages
- Lifetime Mortgage
- Buying At Auction
